Which bank account costs you least?
The ATM owner’s own surcharge is extra and not included.
$
Decides minimum-balance fee waivers.$
Used to estimate interest.For this usage in all ten provinces
3 accounts would cost you $0 in fees a year. The cheapest Big Six option is RBC Advantage Banking at $155 a year.
| # | Account | Monthly fee and waiver | Included transactions | Fees a year |
|---|---|---|---|---|
| 1 | Wealthsimple Chequing Wealthsimple Partner-held | No monthly fee | Unlimited | $0 no fees at this usage |
| 2 | Personal Account EQ Bank CDIC | No monthly fee | Branch: 0 · self-serve: unlimited | $0 no fees at this usage |
| 3 | Neo Chequing account (Essentials) Neo Financial Partner-held | No monthly fee | Branch: 0 · self-serve: unlimited | $0 no fees at this usage |
| 4 | PC Money Account PC Financial CDIC | No monthly fee | Branch: 0 · self-serve: unlimited | $18 other-ATM fees $1.50/mo |
| 5 | Tangerine Chequing Account Tangerine Bank CDIC | No monthly fee | Unlimited | $18 other-ATM fees $1.50/mo |
| 6 | No Fee eChequing Account Alterna Bank CDIC | No monthly fee | Branch: 0 · self-serve: unlimited | $23 other-ATM fees $1.90/mo |
| 7 | RBC Advantage Banking Royal Bank of Canada CDIC | $12.95/mo, no balance waiver | Unlimited | $155 $12.95 monthly fee |
| 8 | CIBC Smart Account CIBC CDIC | $0.00–$16.95/mo, or $0 with a $4,000 minimum balance | Unlimited | $203 $16.95 monthly fee (waived if you keep $3,000 more) |
| 9 | RBC Signature No Limit Banking Royal Bank of Canada CDIC | $16.95/mo, no balance waiver | Unlimited | $203 $16.95 monthly fee |
| 10 | Preferred Package Scotiabank CDIC | $16.95/mo, or $0 with a $4,000 minimum balance | Unlimited | $203 $16.95 monthly fee (waived if you keep $3,000 more) |
| 11 | Primary Chequing Account with Performance Plan BMO Bank of Montreal CDIC | $17.95/mo, or $0 with a $4,000 minimum balance | Unlimited | $215 $17.95 monthly fee (waived if you keep $3,000 more) |
| 12 | The Connected | $15.95/mo, or $0 with a $4,500 minimum balance | Branch: 0 · self-serve: unlimited | $215 $15.95 monthly fee (waived if you keep $3,500 more) · other-ATM fees $2.00/mo |
| 13 | TD Unlimited Chequing Account TD Canada Trust CDIC | $17.95/mo, or $0 with a $4,000 minimum balance | Unlimited | $215 $17.95 monthly fee (waived if you keep $3,000 more) |
| 14 | Infinity Account | $16.95/mo, or $0 with a $4,000 minimum balance | Unlimited | $227 $16.95 monthly fee (waived if you keep $3,000 more) · other-ATM fees $2.00/mo |
| 15 | Primary Chequing Account with Blue Rewards Plan BMO Bank of Montreal CDIC | $17.95/mo, no balance waiver | Unlimited | $239 $17.95 monthly fee · other-ATM fees $2.00/mo |
| 16 | The Total | $28.95/mo, or $0 with a $6,000 minimum balance | Unlimited | $347 $28.95 monthly fee (waived if you keep $5,000 more) |
| 17 | Select Service | $29.95/mo, or $0 with a $5,000 minimum balance | Unlimited | $359 $29.95 monthly fee (waived if you keep $4,000 more) |
| 18 | RBC VIP Banking Royal Bank of Canada CDIC | $30.00/mo, no balance waiver | Unlimited | $360 $30.00 monthly fee |
| 19 | Basic Bank Account Scotiabank CDIC | $3.95/mo, no balance waiver | 18 a month | $368 $3.95 monthly fee · 25 extra transactions ($24.71/mo) · other-ATM fees $2.00/mo |
| 20 | Primary Chequing Account with Premium Plan BMO Bank of Montreal CDIC | $30.95/mo, or $0 with a $6,000 minimum balance | Unlimited | $371 $30.95 monthly fee (waived if you keep $5,000 more) |
| 21 | Ultimate Package Scotiabank CDIC | $30.95/mo, or $0 with a $6,000 minimum balance | Unlimited | $371 $30.95 monthly fee (waived if you keep $5,000 more) |
| 22 | All-Inclusive Banking Plan TD Canada Trust CDIC | $30.95/mo, or $0 with a $6,000 minimum balance | Unlimited | $371 $30.95 monthly fee (waived if you keep $5,000 more) |
| 23 | Basic Plus Bank Account Scotiabank CDIC | $11.95/mo, or $0 with a $3,000 minimum balance | 25 a month | $381 $11.95 monthly fee (waived if you keep $2,000 more) · 18 extra transactions ($17.79/mo) · other-ATM fees $2.00/mo |
| 24 | RBC Day to Day Banking Royal Bank of Canada CDIC | $4.00/mo, no balance waiver | 12 a month | $402 $4.00 monthly fee · 22 extra transactions ($27.50/mo) · other-ATM fees $2.00/mo |
| 25 | Every Day Chequing Account TD Canada Trust CDIC | $11.95/mo, or $0 with a $3,000 minimum balance | 25 a month | $406 $11.95 monthly fee (waived if you keep $2,000 more) · 18 extra transactions ($19.88/mo) · other-ATM fees $2.00/mo |
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